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with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion over the next decade, if they want to undo the sequester or do further cuts to medicare or social security, those -- that will all have to be part of, as he put it, a balanced package including revenues. he's saying even after this deal, the next deal, which we all expect to happen again because this is a pretty small deal, will have to include revenues as well. this gets to the key thing in these negotiations which is republicans are telling themselves if they agree to do a small tax increase now, they can go to the debt ceiling and then negotiate out an all spending cuts deal. the white house is telling th
with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion...
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. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will they learn how to talk to each other? will they drive off the cliff? oh, there's a cheap hollywood feel to this bhol narrative, this self-inflicted drama, and i hope no one ever, ever makes a movie about it. that does it for "the cycle." jonathan capehart is in the chair today? i feel like he's cheating on us. weren't you part of "the cycle", brother? >> i was, but it's a new day now. thanks guys. i'm jonathan capehart in for martin bashir on this december 31st, 2012. we're so very close to a deal that would stop all hell from breaking loose. oh, and happy new year. >> today it appears that an agreement to prevent this new yea
. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will...
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the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of democrats who don't like this, they want the president to fight. remains to be seen is that can it pass the house gop? house republicans said any type of deal that doesn't cut spending will not get our vote even if it comes out of the senate. still a long way to go on any final compromise. >> kristen, what are you hearing out of the white house right now? >> toure, i'm hearing that actually their optimism seems to be mounting this afternoon. they are hopeful. you heard mitch mcconnell say it on the senate floor, they're very, very close to
the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of...
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i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is what will the president be saying, and senior advisors here as well as senators i've spoken to say they do not expect that he is making any nounment of a deal, so we'll wait for the white house to determine that for sure. what we've been hearing is that they h
i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc...
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know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did actually admonish the europeans to get a deal done. tim geithner said again and again it was time for the europeans it to stop messing about. the canadian finance minister was furious at the g-8, the way the europeans were may having. geithner even came over to europe to try and sort of chimy them along he was so woerried. i don't think the fiscal cliff is quite as dramatic and dreadful as if there was a greek exit for all of the euro zone collapsed. that would have been far worse, but this drip you're talking about it hour after hour. this drip, drip, drip effect is corrosive to investor confidence and co
know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did...
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you know what, her social security is guaranteed because nobody in washington is going to go after it. >> you got it. >> thank you very much. i want to thank ben, jen, jimmy, and machine kay and jim a's mom, and that is all for now. alex returns here on wednesday on noon eastern, 9:00 a.m. pacific, and she'll be joined by rnc chair, meeblg steele, e sfwl ra clean, the "new york times" hugo lindgren, times rona, and norm ornstein of the american enterprise institute. can you follow alsxex now at facebook.com/now with alex. andrea mitchell reports next with chris sitting in for andrea, and will he have the president's live remarks on the fiscal cliff. good afternoon to you, chris. >> hello, joy. thank you very much. coming up, are we close to a deal? president obama will speak in about 30 minutes. we'll have it live. also joining us delaware senator chris kuhns, jack kingston and maryland democratic congressman elijah cummings talking about the cliff and the deal, maybe. we're also live at new york's presbyterian hospital with the latest on secretary of state hillary clinton's condition
you know what, her social security is guaranteed because nobody in washington is going to go after it. >> you got it. >> thank you very much. i want to thank ben, jen, jimmy, and machine kay and jim a's mom, and that is all for now. alex returns here on wednesday on noon eastern, 9:00 a.m. pacific, and she'll be joined by rnc chair, meeblg steele, e sfwl ra clean, the "new york times" hugo lindgren, times rona, and norm ornstein of the american enterprise institute. can...
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washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule, wide open. i have a feeling he might be involved in the fiscal cliff talks? maybe. you're watching "the daily rundown." it's only on msnbc. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card
washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule,...
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the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa, and north dakota. while the south will see some thunderstorms move through later as well. >>> kim kardashian expecting her first child with favorite bad boy rapper kanye west. a spokeswoman for kardashian confirmed the news to cnn. twitterverse exploded sunday night african yes told his conce concertgoers, stop the music for my baby mama. >>
the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the...
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thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in lala land, and everyone's saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> aren't most folks that way, though? either way the folks on capitol hill have called it a day and they've gone home. they reconvene tomorrow morning, democrats and republicans are so far apart. >> the american people know what's at stake here, we have a tenuous recovery, we have more people going back to work now, businesses are a little more confident
thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> this whole fiscal cliff mess shows how incredibly out of touch you are with...
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thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain rel
thank you very much. >>> our other big story of the night, no deal in washington, can they do it in 24 hours what they haven't been able to do until now? next. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal...
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. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us
. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious...
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steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000, the threshold. were we wrong or what? >> well, you know, ali, i love you, but i don't want to spend new year's eve with you and we may be doing that. i don't know. look, i still think -- i have been saying this for the last three weeks, the
steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the...
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what are the chances of reaching a deal in washington? we will talk with a democratic lawmaker ahead. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> this whole fiscal cliff mess shows how out of touch you are with the way that people live in the country. y
what are the chances of reaching a deal in washington? we will talk with a democratic lawmaker ahead. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? make a...
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let's bring in ryan grim, washington bureau chief, and robert costa, washington editor with the national review. good to see both of you. ryan, give us what you know, what's going on right now? >> there was some reporting earlier that reid had made a counteroffer to republicans. that's not true. that was a misunderstanding. so at this point, we're stalled. negotiations will continue through the night. reid said everybody can go home until about 11:00 tomorrow. tomorrow is new year's eve, for those paying attention. and apparently, there's no dignity left in the senate or house and they will be in tomorrow on new year's eve pretending like they're going to get to some kind of resolution here. >> what do we know about where they are, robert? did the inclusion of the vice president make any difference? what do you know? >> i think that's a key point, chris. tin collusion of vice president biden in these talks means that though these talks are stalled, negotiations continue. harry reid and mitch mcconnell had some problems getting to a final offer, final counteroffer this afternoon. but the
let's bring in ryan grim, washington bureau chief, and robert costa, washington editor with the national review. good to see both of you. ryan, give us what you know, what's going on right now? >> there was some reporting earlier that reid had made a counteroffer to republicans. that's not true. that was a misunderstanding. so at this point, we're stalled. negotiations will continue through the night. reid said everybody can go home until about 11:00 tomorrow. tomorrow is new year's eve,...
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how come that attitude is totally absent in washington? >> i think one of the great -- certainly the greatest things of americans is the ability to compromise. you seem to be implying here that all of democracy is threatened by this. >>? a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other side to not make a deal saying a bad deal is worse than no deal, go over the cliff. these voices have real influence right now and you they are causing economic calamity to our country. they are making us look foolish. they are making us look unable to self-govern in a constructive way, let alone serve -- solve long-
how come that attitude is totally absent in washington? >> i think one of the great -- certainly the greatest things of americans is the ability to compromise. you seem to be implying here that all of democracy is threatened by this. >>? a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before,...
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the world is watching and waiting to see what happens here today in washington. at this hour, congressional leaders are working to find common ground, desperate for some sort of compromise. my sources tell me this morning the odds of a deal are still no better than 50/50. the senate will convene today at 1:00 p.m., the house back in at 2:00 p.m. stock markets around the world are on edge. the dow down five days in a row falling nearly 160 points friday and early indications are those losses could be much worse if there is no deal. consumers are jittery too. their confidence in the economy plunging for the second straight month falling to its lowest level since august. so that's where we begin. let's get the latest from two top senate leaders. joining us now, senator chuck schumer of new york, senator jon kyl of arizona. so, gentlemen, do we have a deal? >> well, there are certainly no breakthroughs yet between senator mcconnell and senator reid, but there's a real possibility of a deal. i've been a legislator for 37 years, and i've watched how these things work.
the world is watching and waiting to see what happens here today in washington. at this hour, congressional leaders are working to find common ground, desperate for some sort of compromise. my sources tell me this morning the odds of a deal are still no better than 50/50. the senate will convene today at 1:00 p.m., the house back in at 2:00 p.m. stock markets around the world are on edge. the dow down five days in a row falling nearly 160 points friday and early indications are those losses...
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captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both been speaking with your sources this morning, and, nancy, what's the latest? >> reporter: nora, democrats will at this point are very pessimistic that leader reed and leader mcconnell will be able to strike that deal that they were so hopeful about 24 hours ago. the two staffs worked late into the night. they trade proposals will back and forth but democrats tell us they are just still too far apart on taxes. democrats was soset the limit at $250, 000, let the tush of bush tax cuts expire for people making more than that. republicansment that limit to be higher, and they're also far apart on estate taxes. they will
captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both...
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is it time for washington to act, even the president? we'll answer that next. >>> we make the sandy hook which was a tragedy a big deal. why don't the politicians come to the funerals of the dead african-american and latino kids who get killed by the hundreds and hundreds and hundreds? the media's ghetto-ized these children, these homicide victims, pushed them to the side. i'm not diminishing the others. i'm just saying, president obama, show up at a funeral here in chicago once in a while, too. >> chicago columnist john kass there. we're talking about the milestone reached in the chicago that nobody is proud of, 500 murders in one year, this year. we're talking about blame. we're talking about guns. we're talking about kids killing kids in the projects. with me, tio hardiman and harold pollack. you heard the man. what do you think? >> i certainly think that we need to have a sense of urgency. i think the part of mr. kass' comment that i agreed with was this is a really serious problem. i listened to your earlier problem on a fiscal clif
is it time for washington to act, even the president? we'll answer that next. >>> we make the sandy hook which was a tragedy a big deal. why don't the politicians come to the funerals of the dead african-american and latino kids who get killed by the hundreds and hundreds and hundreds? the media's ghetto-ized these children, these homicide victims, pushed them to the side. i'm not diminishing the others. i'm just saying, president obama, show up at a funeral here in chicago once in a...
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is it time for washington to act, even the president? we'll answer that next. lowest . and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> we make the sandy hook which was a tragedy a big deal. why don't the politicians come to the funerals of the dead african-american and latino kids who get killed by the hundreds and hundreds and hundreds? the media's ghetto-ized these children, these homicide victims, pushed them to the side. i'm not diminishing the others. i'm just saying, president obama, show up at a funeral here in chicago once in a while, too. >> chicago columnist john kass there. we're talking about the milestone reached in the chicago that nobody is proud of, 500 murders in one year, this year. we're talking about blame. we're talking about guns. we're talking about kids killing kids in the projects. with me, tio hardiman director of cease fire illinois,
is it time for washington to act, even the president? we'll answer that next. lowest . and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> we make the sandy hook which was a tragedy a big deal. why don't the politicians come to the funerals of the dead african-american and latino...
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is it time for washington to act, even the president? we'll answer that next. i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast
is it time for washington to act, even the president? we'll answer that next. i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit...
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especially when washington won't. the partisan bickering has bothered him since 1992, when garcia first wrote his congressman, suggesting a formula to eliminate the debt. the depression-era kid and army vet says he wants to give back to a country that has given him so much, a feeling that is infectious. he knows his money wouldn't avert the fiscal cliff. but that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american that is decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> you have to love that story. and a lot of us lived this one, the wild ride to election day, 2012. cnn national political correspondent jim acosta has more on the story. >> reporter: the year started off with a surprise in a sweater vest. counting down the top campaign stories of the year at number ten, the primaries. rick santorum's stunning pe
especially when washington won't. the partisan bickering has bothered him since 1992, when garcia first wrote his congressman, suggesting a formula to eliminate the debt. the depression-era kid and army vet says he wants to give back to a country that has given him so much, a feeling that is infectious. he knows his money wouldn't avert the fiscal cliff. but that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt, you have to...
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, washington is usually pretty quiet this time of year. but not this weekend. lawmakers are trying to find a plan to stop us from going over the so-called fiscal cliff. good luck with that. here's what we know so far. it's up to the senate to pass a plan at this point, aides for democratic leader harry reid and republican leader mitch mcconnell are trading proposals. even if they agree, they still need the support of the caucuses. that's no sure thing. then the plan needs to pass the house too. and speaker john boehner has shown he can't control how his caucus votes. if the senate fails to act, president obama wants it to consider a much smaller plan, one that at least would stop middle class tax hikes, at least. but republicans could block a vote on that. did you get all that? >>> by now, you're probably asking how did we get in this mess? cnn's ali velshi breaks it down for us. >> now we have passed a bold package of tax relief for america's families and businesses. >> reporter: it starts more than a decade ago, when then president georg
, washington is usually pretty quiet this time of year. but not this weekend. lawmakers are trying to find a plan to stop us from going over the so-called fiscal cliff. good luck with that. here's what we know so far. it's up to the senate to pass a plan at this point, aides for democratic leader harry reid and republican leader mitch mcconnell are trading proposals. even if they agree, they still need the support of the caucuses. that's no sure thing. then the plan needs to pass the house too....
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and paul, you are a well-known veteran of all things washington. what is really going on behind the scenes right now as we wait to learn if they can reach a compromise or not? >> you know, the sound bite you ran at the top of this piece just i think showed the frustration that so many people have about this, and i think what we're really going to see here is kind of a the phrase small ball is back. we're not going to get any kind of a grand bargain, a term that's been tossed around lately. i think all we're going to get is simply a smaller tax deal. the big thing is things are going to work out -- they're going to work out something that will keep taxes rising for most people. the main point of disagreement, of course, remains this will kick over into the new year what to do about folks making i think probably $250,000 or more although the $400,000 figure has been kicked about, as well. and the other thing probably that appears to be on the table extending unemployment insurance for 2 million americans. that appears to be it. the other things that
and paul, you are a well-known veteran of all things washington. what is really going on behind the scenes right now as we wait to learn if they can reach a compromise or not? >> you know, the sound bite you ran at the top of this piece just i think showed the frustration that so many people have about this, and i think what we're really going to see here is kind of a the phrase small ball is back. we're not going to get any kind of a grand bargain, a term that's been tossed around...
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if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting your money at 1:00. ali velshi will be back with a live edition of "your money." that's on cnn. 1:00 p.m. eastern. >>> jerry sandusky says that he is gearing up to appeal his child sex abuse conviction. and he's sharing his thoughts about his life in prison. our legal guys will tell us what they think about this case and the other big cases of the year. >>> plus, you could save hundreds of dollars every month on your mortgage. i'll tell you how. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guida
if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting your money at 1:00. ali velshi will be back with a live edition of "your money." that's on cnn. 1:00 p.m. eastern. >>> jerry sandusky says that he is gearing up to appeal his child sex abuse conviction. and he's sharing his thoughts about his...
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we here in washington are going to hurt the american economy. we're going to hurt americans at every level, and to me, it's just a travesty that we've not been willing to deal with this issue. >> americans believe congress is broken. the american people know, democrats and republicans, that this place isn't working and there need to be some changes. >> america people should not countenance this deal made in this gridlock. we're here to do our jobs in washington, and we're seeing this failure demonstrated time and again because of ideological and political and philosophical stubbornness. what about the entire country? what about the good of the country? >> and yet, any time anyone tries to change anything about congress, any time someone tries to make it a little bit better, the status quo force together and quick. right now, the filibuster was meant to be a majority rule constitution. the founders considered making it a super majority. they rejected that, big-time. in a federalist, alexander hamilton wrote that a super majority congress would se
we here in washington are going to hurt the american economy. we're going to hurt americans at every level, and to me, it's just a travesty that we've not been willing to deal with this issue. >> americans believe congress is broken. the american people know, democrats and republicans, that this place isn't working and there need to be some changes. >> america people should not countenance this deal made in this gridlock. we're here to do our jobs in washington, and we're seeing...
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>> randy, by washington standards, that is progress. and i know it's hard to believe but the fact that all these leaders left this meeting in agreement about the next step is a hopeful sign. the good news is that this could have been much worse. they could have come out of the meeting saying it's impossible to reach an agreement, we cannot even begin negotiation, there will be no deal. that did not happen. so the fact that they have a game plan for the weekend and for the next steps, it's better than a lot of people hoped for. so now everyone's holding their breath. >> i guess we have to be thankful for the little things. but how did we get here? we heard the president say today he's mildly optimistic. why? >> that optimism has to do with the fact that it could have been worse, that all the parties in there did want to get to a deal, that they would rather find a way out of this instead of going over the cliff, but the bigger picture is you said how did we get here and the problem is what they're fighting over, while it seems silly and
>> randy, by washington standards, that is progress. and i know it's hard to believe but the fact that all these leaders left this meeting in agreement about the next step is a hopeful sign. the good news is that this could have been much worse. they could have come out of the meeting saying it's impossible to reach an agreement, we cannot even begin negotiation, there will be no deal. that did not happen. so the fact that they have a game plan for the weekend and for the next steps, it's...
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that was president obama lamenting the state of affairs in washington, d.c. indeed, today's congress is on track to go down as the least productive congress since recordkeeping began. the 112th congress will come to a merciful end in early january. it has passed 219 bills that have actually been signed into law by president obama, according to the "huffington post." many of them insignificant measures like naming post offices. speaker john boehner's congress is about to take the prize for inaction. this is not a bipartisan problem. as stated by both liberal and conservative analysts, "we have been studying washington politics and congress for more than 40 years, and never have we seen them this dysfunctional in our past writerings. we have criticized both parties when we believed it was warranted. today, however, we have no choice but to acknowledge that the core of the problem lies with the republican party." let's not forget that this was also the year that senator mitch mcconnell filibustered his own bill, an act that drew the utter consternation of senato
that was president obama lamenting the state of affairs in washington, d.c. indeed, today's congress is on track to go down as the least productive congress since recordkeeping began. the 112th congress will come to a merciful end in early january. it has passed 219 bills that have actually been signed into law by president obama, according to the "huffington post." many of them insignificant measures like naming post offices. speaker john boehner's congress is about to take the prize...
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. >> all along, washington will do what it always does. last minute, everyone will come together and stave off disaster. only the last couple of days, has the possibility entered their mind that we won't stave off disaster. when boehner came out later in the day and said we'll reconvene the house on sunday, the market shot up. so if we don't reach a deal by sunday night, you can bet that when the market is opened, the stock market is going to plunge. >> at the end of the year, it's the marking point for how people perform through the year. the expectations are high and they got to stay high. >> that's the real danger. you said the optimistic tone which raises the perception they are going to work this out. and it will make the backlash, the whiplash to make it stronger. >> and does the market find or business community, do they find any of these characters reassuring? >> i think -- i think they want to hear reassuring things from all of the characters. i think anybody in wall street who's smart, anybody doesn't put a lot of faith in any of
. >> all along, washington will do what it always does. last minute, everyone will come together and stave off disaster. only the last couple of days, has the possibility entered their mind that we won't stave off disaster. when boehner came out later in the day and said we'll reconvene the house on sunday, the market shot up. so if we don't reach a deal by sunday night, you can bet that when the market is opened, the stock market is going to plunge. >> at the end of the year, it's...
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the conversation can't start in washington. washington is an aftereffect. it has to start with the people in various places driving them to move. if that doesn't happen, they will not move. >> you're absolutely right. that is the history of movements in america. but there is going to be a bill we know senator dianne feinstein is going to introduce a bill on the first day of the new congress. why shouldn't more folks get behind that, including some republicans? because i'd like to remind you of one thing. justice scalia said in the heller decision, like most rights the second amendment is not unlighted. -- not unlimited. he said, it is not a right to keep and carry any weapon whatsoever in any manner whatsoever for whatever purpose. from the high priest of the supreme court of conservatism himself. why doesn't that create some room for current conservatives like ronald reagan did in 1994 to back an assault weapons ban? >> the issue is, are you going to be punishing law-abiding gun owners with these kind of regulations? there are plenty of people who own thes
the conversation can't start in washington. washington is an aftereffect. it has to start with the people in various places driving them to move. if that doesn't happen, they will not move. >> you're absolutely right. that is the history of movements in america. but there is going to be a bill we know senator dianne feinstein is going to introduce a bill on the first day of the new congress. why shouldn't more folks get behind that, including some republicans? because i'd like to remind...
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or citizens for responsibility and ethics in washington. she's talking about the office of congressional ethics, the only government body outside of congress whose sole mandate is to formally investigate members inside congress, but many of the same members of congress want the oce gone. >> the oce has forces members of congress to take ethics more seriously. it has forced the ethics committee to act and let all members of congress know they can't skate by like they have for so many years with unethical conduct going on. >> c.r.e.w. is considered by some to be left leaning and liberal, but they're not the only ones worried about the oce. >> one of your counterparts say members will go out and say they support the oce while privately they're trying to kill it. do you think that's true? >> yes. that is true. >> this man is chairman of the conservative right-leaning national legal and policy center. >> if oce goes away, if the members are not named, if it's not reauthorized, what message does that send to the public? >> it sends a message to t
or citizens for responsibility and ethics in washington. she's talking about the office of congressional ethics, the only government body outside of congress whose sole mandate is to formally investigate members inside congress, but many of the same members of congress want the oce gone. >> the oce has forces members of congress to take ethics more seriously. it has forced the ethics committee to act and let all members of congress know they can't skate by like they have for so many years...
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big numbers get thrown around at times like this in washington. as the legendary everett dirksen once said, a billion here a billion there, pretty soon you're talking real money, about you this debate isn't just about the billions here and there. for average families the payroll tax cut that started two years ago is worth around 1000 as year. those families tend to spend that cash because they need it now. republicans say this is one tax cut they hate and the last time it was going to expire, the white house launched a whole campaign about $40 a paycheck. they asked families to send in their stories about what $40 meant to them. well, you know something? $40 a still a lot of cash for the families hit hardest by the great recession. for the wealthy people sitting around the negotiating table in d.c., $40 is just another steak dinner for one. but for many people who voted them into office, it's the cost of groceries for a week of family dinners. let's not forget, they are the ones who still need an economic stimulus, not the families earning more th
big numbers get thrown around at times like this in washington. as the legendary everett dirksen once said, a billion here a billion there, pretty soon you're talking real money, about you this debate isn't just about the billions here and there. for average families the payroll tax cut that started two years ago is worth around 1000 as year. those families tend to spend that cash because they need it now. republicans say this is one tax cut they hate and the last time it was going to expire,...
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we're going to go to washington and check in with representative she'll l ly jackson lee. obviously members of congress, you came back in anticipation of reconvening on sunday. i'm wondering if you're hearing anything out of the meeting and if you're hopeful a deal can be reached. >> silence is sometimes golden and i have been drinking my starbucks come together coffee all day long. i'm hoping the president served the leadership while they were at the white house. silence, as i said, may be a good sign. frankly, i believe it's important for the leadership to get back to fellow leaders and members possibly to run by them what i believe was a proposal that the president offered, either come up with by your own proposal or take my plan, which the president has always had a plan. i think it's insulting and outrageous to suggest that the president wasn't ready to go day one. november 6 he came forward with a plan, and that was what the american people said. simply vote on the quarter of a million, extend the unemployment, look at ways you can save through medicare savings that
we're going to go to washington and check in with representative she'll l ly jackson lee. obviously members of congress, you came back in anticipation of reconvening on sunday. i'm wondering if you're hearing anything out of the meeting and if you're hopeful a deal can be reached. >> silence is sometimes golden and i have been drinking my starbucks come together coffee all day long. i'm hoping the president served the leadership while they were at the white house. silence, as i said, may...
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happening now, the uniquely washington version of let's make a deal. we have the latest from the this afternoon's big meeting in the oval office. who's eavesdropping on your e-mail? the government may be. what congress is doing that may have civil libertarians up in arms. >>> and a plea for help describing work conditions and it may be a hoax and dirty international politics. welcome to our viewers around the united states and around the world. wolf blitzer is off today. i'm candy crowley and you're in "the situation room." we begin with the latest fallout from this afternoon's big meeting at the white house. republican and democratic leaders at the house and senate met with president obama to discuss ways to avoid the hundreds of billions of dollars worth of tax increases and spending cuts that hit in just four days. the meeting broke up about 45 minutes ago. cnn radio capitol hill correspondent lisa awaited the leaders' arrival. lisa, let's talk about what we can look for out of this meeting. is there any chance at all to get a deal before the clock
happening now, the uniquely washington version of let's make a deal. we have the latest from the this afternoon's big meeting in the oval office. who's eavesdropping on your e-mail? the government may be. what congress is doing that may have civil libertarians up in arms. >>> and a plea for help describing work conditions and it may be a hoax and dirty international politics. welcome to our viewers around the united states and around the world. wolf blitzer is off today. i'm candy...
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but krystal insisted on radically expanding the reach of the sports coverage of washington, d.c. we have now -- middle america, we are talking now. we have new york and washington sports. >> really representative. >> no television -- few television moments of 2012 compared to krystal reading the newt gingrich press release which was amazing. they'll study it on "inside the actor's studio" for years to come. you read it better than he could have done and that's saying a lot. >> thank you. i'm proud. i am proud of that moment. i think i had some dramatic flourishes that i will -- >> right. standing the tortured metaphor, one last time. you don't need to look in to a chrrystal ball. "the cycle" loved one person above all, so here "the cycle's" person of the year is jennifer granholm. >> in ohio! 150,000 jobs! and in the great state of michigan! 211,000 good-paying, american jobs! all across america! manufacturing is rebounding! why? excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...
but krystal insisted on radically expanding the reach of the sports coverage of washington, d.c. we have now -- middle america, we are talking now. we have new york and washington sports. >> really representative. >> no television -- few television moments of 2012 compared to krystal reading the newt gingrich press release which was amazing. they'll study it on "inside the actor's studio" for years to come. you read it better than he could have done and that's saying a...
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right shape as opposed to celebrating the odd appletor very geospecific peach that grows in eastern washington. so they're trying to say don't let our biodiversity shrink to make it more efficient. let's keep biodiversity as an important thing and help promulgate and keep these things going by supporting them, creating a market for them and helping to get to the place. so that's what slow food is. >> the fact that you're no longer in the kitchen much, that you're an entrepreneur, does that mean the restaurant is not really yours anymore? >> no, as alain ducass once told me, "i 'nam all the kitchens all the time." ducasse. and he's got more than me. >> rose: this is a guy who survived a plane crash, by the way. >> i would say my philosophy and the people i have trained to work with me represent exactly a group effort of what we think a great restaurant should be. my influence is there a so they wouldn't put things on the menu that i wouldn't approve of and i go to all the restaurants in new york at least two or three times a week. >> rose: two or three times a week? >> for a couple hours. i hav
right shape as opposed to celebrating the odd appletor very geospecific peach that grows in eastern washington. so they're trying to say don't let our biodiversity shrink to make it more efficient. let's keep biodiversity as an important thing and help promulgate and keep these things going by supporting them, creating a market for them and helping to get to the place. so that's what slow food is. >> the fact that you're no longer in the kitchen much, that you're an entrepreneur, does...
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you are due back in washington sunday we're told. what will you tell your constituents if they're subject to those tax hikes that i just showed? >> well, i'm going to tell them what i've been saying and that is that unfortunately we have a republican majority in the house that doesn't believe in raising taxes on anyone, no matter how well think they may be. and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceiling. what do you make of that offer? >> i think one of the things that people don't realize is that it's a dirty little secret. the republicans don't want to cut the things that americans want cut. and they want to cut things that americans don't want cut. poll after poll shown americans do not want deficit reduction done by cutting medicare and medicare and social security. so they propose and saw the same scenario when
you are due back in washington sunday we're told. what will you tell your constituents if they're subject to those tax hikes that i just showed? >> well, i'm going to tell them what i've been saying and that is that unfortunately we have a republican majority in the house that doesn't believe in raising taxes on anyone, no matter how well think they may be. and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been...
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. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in peop
. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates...
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candy crowley, cnn, washington. >>> taking inventory in a german zoo. we'll take you to pictures that are capturing our attention today. y setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive.
candy crowley, cnn, washington. >>> taking inventory in a german zoo. we'll take you to pictures that are capturing our attention today. y setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint...